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| U.S. stock futures were indicating a strong rebound this morning, following the worst day of the year on Wall Street-even though the Greek crisis, seen as the culprit Monday, does not appear to be near resolution. (CNBC) |
| The snapback does not appear nearly enough to make up for Monday'sdecline, and at this point, only the Nasdaq is on pace to complete a positive second quarter, which ends today. (CNBC) |
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| Greece is widely expected to miss a $1.8 billion debt payment to the IMFtoday-before the country's bailout officially ends at midnight and after a last-minute offer from the European Commission. (CNBC) |
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| The EC offer requires Greek Prime Minister Alexis Tsipras to encourage voters in Sunday's national referendum to support the reforms-for-aid conditions imposed by creditors. (Reuters) |
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| With capital controls and long lines at ATMs, Greek banks remain closed. The system, kept afloat by emergency liquidity assistance from the ECB, is up for review tomorrow. | Live blog (CNBC) |
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| Standard & Poor's has lowered its rating on Puerto Rico to CCC-minus from CCC-plus with a negative outlook, as the governor of the commonwealthseeks to restructure the debt under U.S. bankruptcy code. (Reuters) |
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| Competing with the likes of Spotify and Pandora (P), the new streaming music service from Apple (AAPL) makes its debut today. It costs $9.99 a month for full access to the iTunes library. (USA Today) |
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| Microsoft (MSFT) is exiting the display advertising business, letting AOL (AOL) sell ads on its websites and apps, while selling map technology to ride-hailing service Uber. (Reuters) |
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| General Motors (GM) said a shareholder lawsuit related to its ignition switch recalls has been dismissed. The suit accused GM directors of breaching their duties by failing to oversee company operations. (Reuters) |
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| A federal jury has awarded $18 million to a young Swedish woman who sued her former Wall Street executive boss in an $850 million complaint over lurid allegations of sexual conquest, betrayal, and stalking. (USA Today) |
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| President Barack Obama proposed in an op-ed last night to make up to 5 million more people eligible for overtime, in the administration's latest effort to boost pay for lower-income workers. (NBC News) |
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| New Jersey Gov. Chris Christie is scheduled to announce his entry into the race for the 2016 Republican presidential nomination tonight at Livingston High School, his alma mater. (USA Today) |
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